China Archives — City Business News

February 6, 2024 No Responses

SIFAX Group Consortium To Collaborate With FG, LASG On Aviation Development

SIFAX Group and its aviation partner, Changi Airports International from Singapore have opened discussions on strategic collaboration with the Federal Government and Lagos State government to develop the country’s aviation sector. SIFAX Group, through one of its subsidiaries, SAHCO Plc,...

January 3, 2024 No Responses

BYD Overtakes Tesla As World’s Top Electric Vehicles Maker

US car maker, Tesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released Tuesday, January 2, 2024. The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles ...

December 28, 2023 No Responses

China Maintains Lead In Global Shipbuilding

China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023, capturing over 50 percent of the world market. New orders followed suit, witnessing an impressive 63.8 percent YoY increas...

December 22, 2023 No Responses

Air Peace Resumes China Operations Dec 28

Air Peace is set to resume its direct flight connectivity to Guangzhou-China on December 28, 2023. This is contained in a news release issued by the airline’s Spokesperson, Stanley Olisa, who also stated that passengers can now fly Accra-China-Accra whic...

December 15, 2023 No Responses

Firm Orders Four Methanol-Fueled Bulkers

China state-owned shipping company Shandong Shipping Corporation has been linked to an order of four methanol dual fuel bulkers from compatriot Qingdao Beihai Shipbuilding Heavy Industry. The 325,000 dwt vessels will be time chartered to Brazilian mining giant...

November 27, 2023 No Responses

Obaseki In China, Woos Investors

The Edo State Governor, Mr. Godwin Obaseki, has continued his foreign investment drive, rallying investors to take advantage of the business-friendly environment and other incentives provided by his administration to invest in new frontiers and expand the...

October 20, 2023 No Responses

NASENI, Chinese Firms Sign Three MoUs

At a ceremony attended by Vice President Kashim Shettima (GCON) on Thursday, October 19, 2023, on the sidelines of the third Belt and Road Initiative (BRI) Forum in Beijing, China, the National Agency for Science and Engineering I...

October 18, 2023 No Responses

Shettima: Nigeria, China Strategic Partnership Key To Africa’s Development

Vice President Kashim Shettima, says Nigeria’s strategic partnership with China needs to be scaled up because it remains key to Africa’s development. This is contained in a statement issued by Mr Stanley Nkwocha, Senior Special Assistant to the President o...

August 14, 2023 No Responses

Oil Prices Drop Amid Concerns Over China’s Economy

Oil prices eased on Monday as concerns about China’s faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. Reuters report that Brent crude futures fell 73 cents, or 0.84%,...

August 13, 2023 No Responses

HMM Orders Four Multi-Purpose Heavy-Lift Ships

South Korea’s flagship carrier HMM has signed a new shipbuilding order with China State Shipbuilding Corporation’s subsidiary Huangpu Wenchong for four 38,000-ton multi-purpose heavy-lift ships. Designed by the Shanghai Merchant Ship Design and Research In...

May 29, 2023 No Responses

China’s First Passenger Plane Completes Inaugural Commercial Flight

China’s self-developed large passenger aircraft, C919, completed its inaugural commercial flight from Shanghai to Beijing on Sunday, creating a milestone in China’s aviation industry, which aims to compete with global players such as Boeing. D...

May 19, 2023 No Responses

China Overtakes Japan As World’s Top Car Exporter

Between January and March 2023, China surpassed Japan and Germany to become the world’s largest vehicle exporter for the first time, exporting a total of 1.069 million vehicles. Japan used to be the world’s leading vehicle exporter, exporting 1.047 m...

May 1, 2023 No Responses

ETIHAD CARGO EXPANDS CHINESE NETWORK

Etihad Cargo, the cargo and logistics arm of Etihad Airways, has added a fourth gateway destination to its Chinese network with the introduction of weekly flights to Wuhan Tianhe International Airport in the Hubei province of China. A sta...

April 11, 2023 No Responses

China Issues New COVID-19 Vaccination Plan

China’s National Health Commission on Monday unveiled the latest plan for COVID-19 vaccination,. The commission said that the plan aims to raise the immunity levels of certain groups and further reduce the risks of severe infection and death from the...